Short note on Contribution of agriculture in National economy.
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Explanation:
Agriculture is the backbone of Indian Economy. About 63% people are directly dependent on agriculture for their livelihood.
About 40% of national income comes for agricultural sector alone.
Agriculture also provides raw materials to many industries e.g. sugar, textile, food and beverage industries.
It also has ensured food security. FCI procures crops at minimum support price to stock. It also distributes among people under PDS [Public Distribution System].
India export wheat, sugar, fruits, tea to foreign countries and earn foreign exchange.
Agriculture also brings happy, prosperity and development in rural economy.
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Agricultural activity has an important contribution in Indian economy, which is as follows:
↝Agriculture provides food to the people of India. It provides employment to 60% of the people of the country
↝It contributes about 22% of the national Income.
↝It forms about 17% of the domestic production (GDP). It provides agricultural products like tea, coffee, cotton, Jute, spices, condiments, tobacco, ol- seeds, potatoes, etc. for export trade which earns foreign exchange.
↝It provides raw material to agro-industries suchas cotton and Jute textiles, sugar, paper/oll. etc. as well as to the food processing industries.
↝Enough additional income can be earned throughcattle rearing along with it.
↝India ranks second In the world in agricultural productions.
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